KAYNE ANDERSON BDC INC (KBDC) Fundamental Analysis & Valuation

NYSE:KBDC • US48662X1054

Current stock price

13.97 USD
-0.1 (-0.71%)
Last:

This KBDC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. KBDC Profitability Analysis

1.1 Basic Checks

  • KBDC had positive earnings in the past year.
  • KBDC had a negative operating cash flow in the past year.
  • In the past 5 years KBDC has always been profitable.
  • In the past 5 years KBDC always reported negative operating cash flow.
KBDC Yearly Net Income VS EBIT VS OCF VS FCFKBDC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 2025 0 -200M -400M

1.2 Ratios

  • The Return On Assets of KBDC (4.10%) is better than 64.44% of its industry peers.
  • The Return On Equity of KBDC (8.44%) is comparable to the rest of the industry.
  • KBDC has a Return On Invested Capital of 4.17%. This is in the better half of the industry: KBDC outperforms 61.92% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for KBDC is below the industry average of 7.27%.
Industry RankSector Rank
ROA 4.1%
ROE 8.44%
ROIC 4.17%
ROA(3y)5.28%
ROA(5y)4.7%
ROE(3y)10.28%
ROE(5y)9.14%
ROIC(3y)4.69%
ROIC(5y)3.64%
KBDC Yearly ROA, ROE, ROICKBDC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 39.74%, KBDC belongs to the top of the industry, outperforming 86.19% of the companies in the same industry.
  • In the last couple of years the Profit Margin of KBDC has declined.
  • The Operating Margin of KBDC (49.87%) is better than 89.54% of its industry peers.
  • KBDC's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 51.07%, KBDC perfoms like the industry average, outperforming 57.74% of the companies in the same industry.
  • In the last couple of years the Gross Margin of KBDC has declined.
Industry RankSector Rank
OM 49.87%
PM (TTM) 39.74%
GM 51.07%
OM growth 3Y-2.43%
OM growth 5YN/A
PM growth 3Y-13.39%
PM growth 5YN/A
GM growth 3Y-3.63%
GM growth 5YN/A
KBDC Yearly Profit, Operating, Gross MarginsKBDC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 2025 20 40 60 80 100

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1

2. KBDC Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, KBDC has less shares outstanding
  • The debt/assets ratio for KBDC is higher compared to a year ago.
KBDC Yearly Shares OutstandingKBDC Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 2025 20M 40M 60M
KBDC Yearly Total Debt VS Total AssetsKBDC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • Based on the Altman-Z score of 0.74, we must say that KBDC is in the distress zone and has some risk of bankruptcy.
  • KBDC's Altman-Z score of 0.74 is in line compared to the rest of the industry. KBDC outperforms 49.79% of its industry peers.
  • KBDC has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.02, KBDC is in line with its industry, outperforming 51.05% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF N/A
Altman-Z 0.74
ROIC/WACCN/A
WACCN/A
KBDC Yearly LT Debt VS Equity VS FCFKBDC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 2025 0 500M -500M 1B

2.3 Liquidity

  • A Current Ratio of 0.43 indicates that KBDC may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.43, KBDC is doing worse than 77.41% of the companies in the same industry.
  • KBDC has a Quick Ratio of 0.43. This is a bad value and indicates that KBDC is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.43, KBDC is doing worse than 77.41% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.43
Quick Ratio 0.43
KBDC Yearly Current Assets VS Current LiabilitesKBDC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. KBDC Growth Analysis

3.1 Past

  • KBDC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.14%.
  • Measured over the past years, KBDC shows a very strong growth in Earnings Per Share. The EPS has been growing by 27.50% on average per year.
  • The Revenue has grown by 10.66% in the past year. This is quite good.
  • Measured over the past years, KBDC shows a very strong growth in Revenue. The Revenue has been growing by 46.61% on average per year.
EPS 1Y (TTM)-18.14%
EPS 3Y27.5%
EPS 5YN/A
EPS Q2Q%-8.33%
Revenue 1Y (TTM)10.66%
Revenue growth 3Y46.61%
Revenue growth 5YN/A
Sales Q2Q%9.87%

3.2 Future

  • The Earnings Per Share is expected to decrease by -3.33% on average over the next years.
  • The Revenue is expected to decrease by -7.48% on average over the next years.
EPS Next Y-1.91%
EPS Next 2Y-3.33%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.42%
Revenue Next 2Y-2.54%
Revenue Next 3Y-7.48%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
KBDC Yearly Revenue VS EstimatesKBDC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 50M 100M 150M 200M
KBDC Yearly EPS VS EstimatesKBDC Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 0.5 1 1.5 2

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4

4. KBDC Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 8.37, which indicates a very decent valuation of KBDC.
  • 71.55% of the companies in the same industry are more expensive than KBDC, based on the Price/Earnings ratio.
  • KBDC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.54.
  • A Price/Forward Earnings ratio of 8.53 indicates a reasonable valuation of KBDC.
  • 76.15% of the companies in the same industry are more expensive than KBDC, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of KBDC to the average of the S&P500 Index (22.70), we can say KBDC is valued rather cheaply.
Industry RankSector Rank
PE 8.37
Fwd PE 8.53
KBDC Price Earnings VS Forward Price EarningsKBDC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
KBDC Per share dataKBDC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • KBDC's earnings are expected to decrease with -3.33% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.33%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. KBDC Dividend Analysis

5.1 Amount

  • KBDC has a Yearly Dividend Yield of 12.47%, which is a nice return.
  • KBDC's Dividend Yield is a higher than the industry average which is at 6.72.
  • KBDC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 12.47%

5.2 History

  • KBDC has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
KBDC Yearly Dividends per shareKBDC Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • KBDC pays out 131.62% of its income as dividend. This is not a sustainable payout ratio.
DP131.62%
EPS Next 2Y-3.33%
EPS Next 3YN/A
KBDC Yearly Income VS Free CF VS DividendKBDC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 2025 0 -200M -400M
KBDC Dividend Payout.KBDC Dividend Payout, showing the Payout Ratio.KBDC Dividend Payout.PayoutRetained Earnings

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KBDC Fundamentals: All Metrics, Ratios and Statistics

KAYNE ANDERSON BDC INC

NYSE:KBDC (3/24/2026, 12:42:01 PM)

13.97

-0.1 (-0.71%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)03-02
Earnings (Next)05-04
Inst Owners42.64%
Inst Owner Change22.5%
Ins Owners3.28%
Ins Owner Change27.47%
Market Cap935.71M
Revenue(TTM)235.82M
Net Income(TTM)93.71M
Analysts81.82
Price Target15.81 (13.17%)
Short Float %1.12%
Short Ratio1.43
Dividend
Industry RankSector Rank
Dividend Yield 12.47%
Yearly Dividend1.77
Dividend Growth(5Y)N/A
DP131.62%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.83%
Min EPS beat(2)5.21%
Max EPS beat(2)6.46%
EPS beat(4)2
Avg EPS beat(4)0.43%
Min EPS beat(4)-7.51%
Max EPS beat(4)6.46%
EPS beat(8)4
Avg EPS beat(8)-0.12%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.48%
Min Revenue beat(2)-6.36%
Max Revenue beat(2)-0.6%
Revenue beat(4)0
Avg Revenue beat(4)-5.35%
Min Revenue beat(4)-7.31%
Max Revenue beat(4)-0.6%
Revenue beat(8)3
Avg Revenue beat(8)3.22%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-0.49%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.62%
EPS NY rev (3m)-0.37%
Revenue NQ rev (1m)-3.98%
Revenue NQ rev (3m)-3.98%
Revenue NY rev (1m)-4.33%
Revenue NY rev (3m)-4.33%
Valuation
Industry RankSector Rank
PE 8.37
Fwd PE 8.53
P/S 3.97
P/FCF N/A
P/OCF N/A
P/B 0.84
P/tB 0.84
EV/EBITDA N/A
EPS(TTM)1.67
EY11.95%
EPS(NY)1.64
Fwd EY11.73%
FCF(TTM)-1.47
FCFYN/A
OCF(TTM)-1.47
OCFYN/A
SpS3.52
BVpS16.57
TBVpS16.57
PEG (NY)N/A
PEG (5Y)N/A
Graham Number24.95
Profitability
Industry RankSector Rank
ROA 4.1%
ROE 8.44%
ROCE 5.28%
ROIC 4.17%
ROICexc 4.21%
ROICexgc 4.21%
OM 49.87%
PM (TTM) 39.74%
GM 51.07%
FCFM N/A
ROA(3y)5.28%
ROA(5y)4.7%
ROE(3y)10.28%
ROE(5y)9.14%
ROIC(3y)4.69%
ROIC(5y)3.64%
ROICexc(3y)4.76%
ROICexc(5y)3.68%
ROICexgc(3y)4.76%
ROICexgc(5y)3.68%
ROCE(3y)5.94%
ROCE(5y)4.6%
ROICexgc growth 3Y15.25%
ROICexgc growth 5YN/A
ROICexc growth 3Y15.25%
ROICexc growth 5YN/A
OM growth 3Y-2.43%
OM growth 5YN/A
PM growth 3Y-13.39%
PM growth 5YN/A
GM growth 3Y-3.63%
GM growth 5YN/A
F-Score3
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.74
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.43
Quick Ratio 0.43
Altman-Z 0.74
F-Score3
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.14%
EPS 3Y27.5%
EPS 5YN/A
EPS Q2Q%-8.33%
EPS Next Y-1.91%
EPS Next 2Y-3.33%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.66%
Revenue growth 3Y46.61%
Revenue growth 5YN/A
Sales Q2Q%9.87%
Revenue Next Year-4.42%
Revenue Next 2Y-2.54%
Revenue Next 3Y-7.48%
Revenue Next 5YN/A
EBIT growth 1Y-9.02%
EBIT growth 3Y43.05%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y81.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y81.87%
OCF growth 3YN/A
OCF growth 5YN/A

KAYNE ANDERSON BDC INC / KBDC Fundamental Analysis FAQ

What is the fundamental rating for KBDC stock?

ChartMill assigns a fundamental rating of 3 / 10 to KBDC.


What is the valuation status for KBDC stock?

ChartMill assigns a valuation rating of 4 / 10 to KAYNE ANDERSON BDC INC (KBDC). This can be considered as Fairly Valued.


What is the profitability of KBDC stock?

KAYNE ANDERSON BDC INC (KBDC) has a profitability rating of 4 / 10.


What are the PE and PB ratios of KAYNE ANDERSON BDC INC (KBDC) stock?

The Price/Earnings (PE) ratio for KAYNE ANDERSON BDC INC (KBDC) is 8.37 and the Price/Book (PB) ratio is 0.84.


How sustainable is the dividend of KAYNE ANDERSON BDC INC (KBDC) stock?

The dividend rating of KAYNE ANDERSON BDC INC (KBDC) is 4 / 10 and the dividend payout ratio is 131.62%.